Scottsdale, Arizona Franchise Market Analysis
To gain comprehensive insights into Scottsdale, Arizona, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
Scottsdale, Arizona Demographic Insights | ||
Households (2023) | 127,336 | |
Households (2028) | 138,277 | |
Population (2023) | 254,928 | |
Population (2028) | 275,191 | |
Per capita Income (2023) | $87,509 | |
Total Household Expenditures | $13,692,553,409 | |
Total Retail Expenditures | $6,379,685,130 | |
Average Household Income (2023) | $174,987 | |
Average Household Income (2028) | $174,671 | |
City Data retrieved from https://sitesusa.com/Data |
Local Insights
The home services industry in Scottsdale benefits from existing market conditions. With 90% of the housing units occupied and the majority being single-detached units (57.5%), there is a clear market for home maintenance services. The gap report indicates a 22% surplus demand in building materials and garden equipment, with potential sales of $357.17 million exceeding the actual sales of $278.77 million. The high owner-occupied median home value of $548,765 underscores the financial capability of homeowners to invest in their properties.
Read MoreRetail franchises can also thrive in Scottsdale, especially given the city's significant annual retail expenditure of $6.38 billion and a workforce predominantly in white-collar jobs (79.6%). There is a substantial market gap in areas like nursery and garden stores, with an 89% gap ($37.25 million potential vs. $4.14 million actual), suggesting room for growth in retail sectors that cater to home and lifestyle enhancement.
With a considerable part of Scottsdale’s population working from home (33.8%), there is a promising opportunity for health and fitness franchises that offer flexibility, such as 24-hour gyms, virtual training, or boutique studios offering specialized classes that could appeal to professionals seeking a convenient work-life balance.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Scottsdale, Arizona Franchise Opportunities (and Businesses for Sale)
Exclusive territory. #1 Industry leader since 2001. 100% financing for U.S. citizens who qualify* plus software package with complete training. $100K 1st year profit potential. National alliances...
80k Minimum Cash Required
Did you know you could partner with a company to build out your entire e-commerce store, from product research to inventory acquisition to marketing? Yep! You can easily make 6-7 figures in passive income when we build your…
30k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
First on the scene and best in its class, Sky Zone created the world’s first wall-to-wall trampoline park in 2004, bringing healthy, high-flying fun to people across the globe. Now you can be part of this international…
500k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
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As of May 9, 2024: